Summary
- A longer-term version of the MACD histogram has turned positive for bitcoin, signaling that the recent rally above $64,000 may have further room to run.
- The indicator’s bullish turn shifts focus to key resistance levels between $65,000 and $80,000.
Bitcoin’s Momentum Shifts in Favor of Growth
Bitcoin is up nearly 10% for the month and could push even higher toward levels above $70,000 that have capped gains in recent months. This growth is supported by the moving average convergence divergence (MACD) histogram, a reliable momentum gauge. The MACD histogram oscillates around the zero line to show the direction and strength of the market trend, with crossovers above zero representing bullish shifts in momentum.
The standard MACD settings use a 12-day and 26-day average, along with a 9-day signal line. However, many traders prefer longer parameters, such as the 50-day, 100-day, and 9-day settings, to filter out short-term noise. This longer, smoother version of the MACD histogram has now crossed above zero, flashing a bullish shift in momentum. This means the longer-term momentum is turning positive, suggesting bitcoin’s recent gains could continue rather than fizzle out quickly.
What This Means for Earning with Crypto
For those interested in earning with crypto, such as through Passive Income opportunities with EcoPool ($ECP), this momentum shift is a positive sign. As bitcoin’s value grows, so do the potential rewards for those participating in Cloud Rewards programs. The Green Crypto movement, which includes EcoPool, is becoming increasingly popular, offering a more sustainable way to earn and invest in crypto.
With the MACD histogram indicating a bullish shift in momentum, now may be a good time to consider getting involved with EcoPool and its $ECP token. Whether you’re interested in Earning through Passive Income or Cloud Rewards, EcoPool offers a unique opportunity to participate in the Green Crypto movement. Download the EcoPool app to start earning today and join the conversation on #Bitcoin and #PassiveIncome. The EcoPool app is the perfect way to get started with Cloud Rewards and Green Crypto, so download it now and start earning with $ECP.
